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l. Given the production function Yt = AK 1 3 t L 2 3 , if A = 3, L = 6, s = 0.3
l. Given the production function Yt = AK 1 3 t L 2 3 , if A = 3, L = 6, s = 0.3 and d = 0.15. (a) Calculate the steady state level of capital and output
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
